Emera (TSE:EMA) Price Target Raised to C$70.00 at Scotiabank

Emera (TSE:EMA) had its target price boosted by Scotiabank from C$67.00 to C$70.00 in a research report report published on Monday morning,BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on EMA. Desjardins set a C$62.00 target price on Emera and gave the company a “hold” rating in a research report on Tuesday, May 6th. TD Securities upped their price objective on Emera from C$69.00 to C$74.00 and gave the company a “buy” rating in a research report on Monday. Royal Bank Of Canada upped their price objective on Emera from C$69.00 to C$70.00 and gave the company an “outperform” rating in a research report on Monday. Raymond James Financial cut their price objective on Emera from C$64.00 to C$59.00 and set an “outperform” rating on the stock in a research report on Thursday, April 17th. Finally, BMO Capital Markets upped their price objective on Emera from C$65.00 to C$68.00 in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, Emera presently has a consensus rating of “Moderate Buy” and an average price target of C$64.33.

Emera Stock Performance

TSE EMA opened at C$64.78 on Monday. The company has a market cap of C$18.99 billion, a P/E ratio of 25.11, a P/E/G ratio of 6.20 and a beta of 0.35. The company has a debt-to-equity ratio of 150.23, a quick ratio of 0.23 and a current ratio of 0.72. The business’s 50 day moving average price is C$62.73 and its 200-day moving average price is C$60.42. Emera has a fifty-two week low of C$49.05 and a fifty-two week high of C$67.42.

Emera Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 15th will be issued a $0.725 dividend. This represents a $2.90 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Friday, August 1st. Emera’s dividend payout ratio is currently 112.40%.

About Emera

Emera is a geographically diverse energy and services company investing in electricity generation, transmission, and distribution as well as gas transmission and utility energy services. Emera has operations throughout North America and the Caribbean countries.